this post was submitted on 19 Jan 2024
42 points (85.0% liked)

Interesting Shares

1058 readers
135 users here now

Share interesting articles, projects, research, pictures, or videos.


Please include a prefix in your title!


Prefixes for posts

Certain clients offer filters to make prefixes searchable. Photon (m.lemmy.zip) used for hyperlinks below:


Icon attribution

founded 1 year ago
MODERATORS
 

Once, drug dealers and money launderers saw cryptocurrency as perfectly untraceable.

top 7 comments
sorted by: hot top controversial new old
[–] [email protected] 29 points 10 months ago

Bitcoin is, fundamentally, a publicly accessible ledger of every transaction ever made with the currency. It's basically the most anti-anonymous way to run a currency imaginable.

People have just been hedging their bets on authorities not knowing how it works, which is increasingly not the case.

[–] [email protected] 28 points 10 months ago (1 children)

Is the age shocking because young for "societal accomplishments" or old for "tech genius"?

[–] [email protected] 17 points 10 months ago

Right? I think I'm missing the significance of the person's age.

[–] possiblylinux127 9 points 10 months ago (2 children)

I don't think anyone ever assuming Bitcoin was untraceable.

[–] [email protected] 5 points 10 months ago

Reading the article I think it's obvious to us now, but the paper was posted 11 years ago and people definitely thought they were anonymous then!

[–] [email protected] 1 points 10 months ago

All transactions are in fact intentionally public.

[–] shortwavesurfer 7 points 10 months ago

This is why Monero exists.